9896-09 Closing Water Leak Insurance Fund No. 644, Transferring the balance to water work

Home Browse Search

1400 COUNTY -CITY BUILDING 227 W JEFFERSON BOULEVARD SourH BEND, INDIANA 46601 -1830 CITY OF SOUTH BEND STEPHEN J. LuFcKE, MAYOR DEPARTMENT OF LAW PHONE 574/ 235 -9241 FAx 574/235 -9892 TDD 574/ 235 -5567 CHARLES S. LEONE ALADEAN M. DEROSE Cn Y ATTORNEY CHIEF ASSISTANT CITYATTORNEY November 25, 2008 Mr. Timothy Rouse President, South Bend Common Council 4`I' Floor, County -City Building South Bend, IN 46601 Re: An Ordinance Closing Water Leak Insurance Fund No. 644 and Repealing Applicable Portions of theSouth Bend Municipal Code Dear Mr. Rouse: The Indiana Utility Regulatory Commission's (IURC) most recent decision concerning the City of South Bend's water rates, directed the City to cease charging a separate water leak repair /replacement fee, and to include that cost as part of the general rate. With this IURC decision, there is no further need for separate Water Leak Insurance Fund No. 644. The monies in that Fund should be transferred'to Water Works Operating Fund No. 620, and the South Bend Municipal Code provisions pertaining to repair and replacement of water lines (Chapter 17, Article 6) should be repealed as unnecessary. For accounting purposes, this process should be effective as of December 31, 2008. I, therefore, enclose an ordinance which approves these internal accounting adjustments, and which has an effective date of December 31, 2008. The Controller will provide the Council with year -end accounting of the monies in Fund No. 644 to be transferred to Water Works Operating Fund No. 620. Making presentation of this Ordinance to the Common Council may be David Tungate, Roxanne Lawson, Catherine Fanello, or a combination of them. Thank you for your consideration. Sincerely, Aladean M. DeRose Chief Assistant City Attorney AMD /ew THOMAS L. BODNAR CHERYL A. GREENE ANN -CAROL NASH JEFFREY M. JANKOWSKI LAWRENCE J. METEIVER JEFFREY L. SANFORD JOHN E. BRODEN